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Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.
Avoid OMCs; prefer defence and summer plays: Chola Securities
Dharmesh Kant, Head of Research at Chola Securities, says oil marketing companies remain largely avoidable as they are cyclical, commodity-linked businesses with limited long-term wealth creation potential, especially as renewable energy gains share. He advises selective buying in market declines, favouring defence stocks like BEL and HAL and summer-linked plays such as LG Electronics and Blue Star. Kant also sees corrections in InterGlobe Aviation as a potential long-term buying opportunity despite near-term volatility.
Dipan Mehta on where to invest as metal rally cools
Elixir Equities Director Dipan Mehta said the recent fall in ferrous and non-ferrous stocks reflects broader market weakness after a sharp rally in metal prices, with many positives already priced in. He expects these stocks to deliver market-level returns rather than outperform. Mehta advised investors to focus on large, high-quality companies during the correction, citing Larsen & Toubro, InterGlobe Aviation and Bajaj Finance as examples, while also noting opportunities emerging in select mid-cap sectors.
Gainers & Losers: Indigo, Paras Defence among 7 big movers on Wednesday
Indian markets tumbled as the Iran-Israel war escalated, dragging energy stocks lower. Nifty and Sensex fell sharply, while select stocks like Coal India and Bajaj Hindusthan Sugar bucked the trend.
Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers today
On March 2, the Indian stock market fell over 1% amid rising Middle East tensions after US and Israeli attacks on Iran. Iran retaliated, raising fears of war and causing crude oil prices to spike, with Saudi Aramco halting operations at a refinery following a drone strike.
Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers today - Mint
Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers todayMint
Stocks to Watch Today: Infosys, Bliss GVS Pharma, Vedanta, John Cockerill, Concord Biotech, Rajnandini Fashion, Anand Rathi Wealth in focus on 03 June
Stocks to Watch, 03 June: Stocks like Infosys, Vedanta, Hindustan Zinc, Bliss GVS Pharma, Dhanuka Agritech, Advait Energy Transitions, John Cockerill India, Concord Biotech, InterGlobe Aviation, Rajnandini Fashion India, and Anand Rathi Wealth will be in focus on June 3.
Taking Stock: Markets continue to see sell-off amid crude surge; rupee at record low
More than 850 stocks touched their 52-week low, including Swan Corp, Interglobe Aviation, GNFC, PNB Housing Finance, Birla Corp, BLS International, Sterling Wilson, RHI Magnesita, Just Dial, Asian Paints, Nuvoco Vistas, REC, Berger Paints, JK Lakshmi Cement, Rashtriya Chemicals, GAIL, Inox Wind, among others.
Stocks to Watch Today: InterGlobe Aviation, Concord Biotech, NMDC, Lumax Auto Tech, Olectra Greentech, Cyient. Lupin, PB Fintech in focus on 01 June
Stocks to Watch, 1 Jun: InterGlobe Aviation, Gujarat Gas, Concord Biotech, Indian Renewable Energy Development Agency, NMDC, Glenmark Pharma, Olectra Greentech, Lumax Auto Technologies, Inox Wind, PNC Infratech, and Cyient will be in focus on June 1.
Taking Stock: Markets snap 2-day fall; Sensex up 395 pts, Nifty above 23,200
Biggest Nifty gainers were Interglobe Aviation, Jio Financial, Eicher Motors, SBI, Apollo Hospitals, while losers included ONGC, Titan Company, NTPC, Power Grid Corp and Tech Mahindra.
Closing Bell: Nifty crosses 24,200, Sensex surges 1,264 pts on renewed hopes of US-Iran peace talks
Interglobe Aviation, Max Healthcare, Power Grid Corp, Wipro, Eternal were among biggest gainers on the Nifty, while losers were Dr Reddy's Laboratories, Bharti Airtel, ICICI Bank. All the sectoral indices ended in the green with Capital Goods, Oil & Gas, Power, Infra, Media, Realty, Consumer Durables, IT rise 2% each. Nifty Midcap and Smallcap indices up more than 2 percent each.
IndiGo jumps 3%, HPCL gains 4%, tyre stocks rise 2-3% as falling crude oil prices lift oil-sensitive shares
With crude prices falling sharply and global markets rallying on hopes of a Middle East breakthrough, investors rotated into sectors that stand to benefit most from lower energy costs, making airlines, OMCs, tyre makers and paint companies the standout winners in early trade.